Company Vestas Wind Systems A/S

Equities

VWS

DK0061539921

Renewable Energy Equipment & Services

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

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Sales per Business

Sales per region

Ratings for Vestas Wind Systems A/S

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Wind Systems & Equipment

Real-time Estimate Cboe Europe Other stock markets 04:40:21 2024-04-19 am EDT			5-day change	1st Jan Change
174.8 ^DKK	-1.08%		-2.42%	-18.22%

Apr. 15	VESTAS WIND SYSTEMS : Buy rating from RBC	ZD
Apr. 10	Chinese wind turbine makers involvement in EU projects	RE

Vestas Wind Systems A/S is the world's leading manufacturer of wind turbines. Net sales by activity break down as follows:

- sale of wind turbines and wind energy production systems (76.8%): 2,554 turbines and systems (with a total capacity of 12,685 MW) delivered in 2023. The group also sells replacement parts;

- services (23.2%): notably maintenance services and warranty extension agreements.

Net sales are distributed geographically as follows: Denmark (3.1%), Europe/Middle East/Africa (46.4%), the United States (20%), Americas (17.3%) and Asia/Pacific (13.2%).

Number of employees: 30,586

DKK in Million	2022	Weight	2023	Weight	Delta
Power Solutions 76.8 %	84,296	78.2 %	88,026	76.8 %	+4.42%
Service 23.2 %	23,471	21.8 %	26,585	23.2 %	+13.27%

DKK in Million	2022	Weight	2023	Weight	Delta
EMEA 46.4 %	47,516	44.1 %	53,230	46.4 %	+12.03%
United States 20.0 %	22,088	20.5 %	22,889	20.0 %	+3.63%
Americas 17.3 %	15,935	14.8 %	19,790	17.3 %	+24.19%
Asia Pacific 13.2 %	11,524	10.7 %	15,178	13.2 %	+31.71%
Denmark 3.1 %	4,233	3.9 %	3,524	3.1 %	-16.74%

Managers	Title	Age	Since
Henrik Andersen CEO	Chief Executive Officer	56	13-02-28
Hans Smith DFI	Director of Finance/CFO	44	22-02-28
Anders Runevad CHM	Chairman	64	12-12-31
Anders Nielsen CTO	Chief Tech/Sci/R&D Officer	61	20-03-31
Tommy Rahbek Nielsen COO	Chief Operating Officer	54	19-12-31
Daniel Patterson IRC	Investor Relations Contact	-	23-01-31
Kristina Fournais Wright PRN	Corporate Officer/Principal	-	-
Javier Diez		-	-
Javier Rodriguez Diez SAM	Sales & Marketing	49	20-12-31
Henrik Jorgensen PRN	Corporate Officer/Principal	62	07-12-31

Members of the board	Title	Age	Since
Lena Marie Olving Öhberg BRD	Director/Board Member	68	21-12-31
Karl-Henrik Sundström BRD	Director/Board Member	64	19-12-31
Bruce Grant BRD	Director/Board Member	64	19-04-02
Anders Runevad CHM	Chairman	64	12-12-31
Michael Abildgaard Lisbjerg BRD	Director/Board Member	49	08-03-31
Sussie Dvinge Agerbo BRD	Director/Board Member	53	05-10-31
Eva Berneke BRD	Director/Board Member	55	19-04-02
Claus Christensen BRD	Director/Board Member	51	22-04-30
Henrik Andersen CEO	Chief Executive Officer	56	13-02-28
Helle Thorning-Schmidt BRD	Director/Board Member	57	19-04-02

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	20	1,009,867,260	1,006,071,497 ( 99.62 %)	3,393,605 ( 0.3360 %)	99.62 %

Name	Equities	%	Valuation
ATP Fondsmaeglerselskab A/S 10.16 %	102,651,457	10.16 %	2 874 M kr
MITSUBISHI HEAVY INDUSTRIES, LTD. 2.500 %	25,246,000	2.500 %	707 M kr
Swedbank Robur Fonder AB 1.709 %	17,257,070	1.709 %	483 M kr
MP Investment Management A/S 1.125 %	11,361,530	1.125 %	318 M kr
Nordea Investment Management AB 1.045 %	10,554,619	1.045 %	296 M kr
Industriens Pensionsforsikring A/S 1.028 %	10,381,775	1.028 %	291 M kr
Pensionskassernes Administration A/S 0.5902 %	5,960,385	0.5902 %	167 M kr
Nykredit Bank A/S (Investment Management) 0.5486 %	5,540,091	0.5486 %	155 M kr
Danske Bank A/S (Investment Management) 0.4073 %	4,113,309	0.4073 %	115 M kr
State Street Global Advisors Ltd. 0.3710 %	3,746,995	0.3710 %	105 M kr

Name	Equities	%	Valuation
NLG Capital, Inc. 0.0281 %	850,000	0.0281 %	8 M kr
Boston Common Asset Management LLC 0.0155 %	469,352	0.0155 %	4 M kr
Grace & White, Inc. 0.0111 %	337,250	0.0111 %	3 M kr
Cacti Asset Management LLC 0.009778 %	296,250	0.009778 %	3 M kr
Zevin Asset Management LLC 0.009524 %	288,568	0.009524 %	3 M kr
Nia Impact Advisors LLC 0.004117 %	124,744	0.004117 %	1 M kr
Domini Impact Investments LLC 0.003231 %	97,900	0.003231 %	903 128 kr
S & Co., Inc. 0.003053 %	92,500	0.003053 %	853 313 kr
Bennicas & Associates, Inc. 0.002904 %	88,000	0.002904 %	811 800 kr
RhumbLine Advisers LP 0.002607 %	79,002	0.002607 %	728 793 kr

Name	Equities	%	Valuation
VESTAS WIND SYSTEMS A/S 0.34%	3,393,605	0.34%	95,016,223 $

Vestas Wind Systems A/S

Hedeager 42

8200, Aarhus

+45 97 30 00 00

http://www.vestas.com

Name	Category and Sector
Vestas Blades Spain SL Vestas Blades Spain SL Electrical ProductsProducer Manufacturing Part of Vestas Wind Systems A/S, Vestas Blades Spain SL is a Spanish company that specializes in wind energy solutions. The private company is located in Spain. The company's 2 MW platform is known for its reliability, serviceability, and availability, while their v162-6.8 MW platform is designed to deliver optimized energy production even in extreme temperatures and climates. Vestas Blades Spain is committed to integrating sustainability into everything they do, with a vision to become a leader in sustainable energy solutions.	Electrical Products
Vestas Offshore Wind A/S Vestas Offshore Wind A/S Electrical ProductsProducer Manufacturing Vestas Offshore Wind A/S provides wind power solutions. Its products include wind turbine technology, operations and maintenance, and project management. The firm develops energy solutions through offshore wind as an energy resource. The company was founded in April 2014 and is headquartered in Aarhus, Denmark.	Electrical Products
Vestas Wind Technology India Pvt Ltd. Vestas Wind Technology India Pvt Ltd. Electrical ProductsProducer Manufacturing Part of Vestas Wind Systems A/S, Vestas Wind Technology India Pvt Ltd. is an Indian company that manufactures, supplies, and installs wind turbines. The private company is based in Chennai, India. The company was founded in 1996. Purvinkumar Madhusudan Patel has been the CEO of the company since 2021.	Electrical Products
Vestas Technology R&D Chennai Pvt Ltd.
Vestas Portugal Lda.

Trading Rating

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ESG Refinitiv

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

23.68 EUR

Average target price

29.75 EUR

Spread / Average Target

+25.63%

Consensus

Estimates Revisions

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Renewable Energy

Renewable Energy

Renewable Energy Equipment & Services

Wind Systems & Equipment

	1st Jan change	Capi.
VESTAS WIND SYSTEMS A/S	-18.36%	25.41B
SUZLON ENERGY LIMITED	+5.50%	6.7B
SANY RENEWABLE ENERGY CO.,LTD.	-0.24%	4.74B
GOLDWIND SCIENCE AND TECHNOLOGY CO., LTD.	-4.12%	3.97B
TITAN WIND ENERGY (SUZHOU) CO.,LTD	-14.48%	2.46B
INOX WIND LIMITED	+12.65%	2.12B
DAJIN HEAVY INDUSTRY CO.,LTD.	-25.69%	1.74B
CENTURY WIND POWER CO., LTD.	+59.01%	1.73B
CS WIND CORPORATION	-27.21%	1.54B
JIANGSU HAILI WIND POWER EQUIPMENT TECHNOLOGY CO., LTD.	-27.25%	1.29B

Wind Systems & Equipment